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Wednesday 28 September 2022
HomeNewsTunisia: net foreign exchange reserves at their lowest level since February 2020

Tunisia: net foreign exchange reserves at their lowest level since February 2020

Net foreign exchange reserves of the Central Bank of Tunisia (BCT) continues to decline.

The stock of foreign currency covers 114 days of imports, until the end of last week, its lowest level since February 29, 2020 (109 days).

In value, Tunisia’s forex reserves are the equivalent of 23.5 billion dinars, or $7.4 billion.

The decline in the country’s foreign exchange reserves is mainly due to the widening of the deficit in the trade balance, which reached 13.7 billion dinars at the end of last July, against 8.7 billion a year earlier, an increase of 5 billion dinars or 57%.

This is besides the repayment of the external public debt whose service reached 5.4 billion dinars until August 10, 2022.

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